Moveco (MOV) is an upcoming ICO that promises to change the way people travel by actually rewarding people. Their crypto token “MOV” can be earned as well as positively contributing to the future of mobility, by sharing data to help with urban planning or to be a little more adventurous, can even help build the next autonomous vehicle. As an incentive to users, Moveco has made it so that users can earn MOV tokens that can go towards their next gas bill. Their goal is to help build safer, more reliable and affordable vehicles, with data firms working car manufacturers to profit from your data and even though that may sound like a bad thing, they are working towards a bigger and brighter future not only for the car industry but yours too by allowing you to take a share in the monetization of your anonymized data.
Because Moveco are a serious company and are taking this ICO seriously, they are working towards building relationships with retailers and mobility partners, just so they can offer users various gifts and discounts on goods, services and experiences. Imagine being able to reduce your gas bill by redeeming a discount on the MOV redemption platform, or being able to exchange MOV tokens into points with their loyalty program partners. Some of their relations include big corporations such as Royal Dutch Shell, Asia Miles, Starbucks and Grab.
The harvesting and use of data is used to open doors and improve already established technologies to help them become even better, and with the mobile data market size expected to be worth $750 billion by 2030. Some of the technologies that will help make Moveco a massive contributor towards that $750 billion includes the well respected blockchain technology, which will harbor the use of smart contracts in order to utilize the data centric use-cases in a secure and decentralized platform. Blockchain technology is present in every cryptocurrency as it is what allows them safely initiate transactions, as well as store important data and information.
As well as using blockchain technology, Moveco are also incorporating machine learning/big data as it is a vital part of how Moveco will operate, by analyzing users anonymized data. Machine learning will help how we understand mobility patterns and how user behaviors will shape those patterns, and this will enable a near real-time analytics and build predictive models. Because Moveco will be dealing with data, there obviously needs to be some kind of privacy and security involved, which is why they are implementing the industry’s most stringent security standards and guidelines to ensure that your data is anonymized, as well as complying to the local and global regulations.
In case you were wondering, there are some real world uses in which mobility data can be used, and one of the major areas is linked with insurance. However, that being said Moveco will be able to analyze driving behavior and use the data for insurance purpose and generate quotes based on the drivers behavioral characteristics. Not only that, but MOV will be able to analyze crowd traffic and determine the peak hours for certain locations at certain times.
Once Moveco have conducted the final stages of their ICO in April, in the months of May and June we will start to see Moveco (MOV) expanding the current team and introduce key roles within the company, such as data scientists and business development managers. Finally in Q4 of 2018, we will see the release of the first version of the Moveco App.